Guideline Value for RAJESWARI STREET

Rajeswari Street guideline value

The current guideline value of Rajeswari Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Puliyur village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of Rajeswari Street has changed

Rajeswari Street has seen several revisions in its guideline value over the years. The earliest recorded figure is from 2002, where the guideline value was Rs 750 per sq.ft. This increased to Rs 824 per sq.ft in 2003, marking a 10% rise. Following this, the value jumped significantly to Rs 1,540 per sq.ft in 2007, which was an increase of 87%. In 2012, the value rose to Rs 4,000 per sq.ft, representing a substantial 160% increase from the previous revision. However, it then decreased by 33% to Rs 2,680 per sq.ft in 2017. The guideline value then increased to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

The overall change from the 2002 revision to the 2024 revision shows a significant increase of 487%. There are no figures available for the revisions in years other than those listed.

Guideline values in Puliyur

In Puliyur village, there are 648 streets under the Kodambakkam SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 14,300 per sq.ft. The median guideline value in the village is Rs 5,800 per sq.ft, indicating that Rajeswari Street's current guideline value is below this median.

• Raja Veethi: Rs 5,300 per sq.ft (2024)
• Raju Street: Rs 7,100 per sq.ft (2024)
• Rajaram Film Directors Colony: Rs 7,100 per sq.ft (2024)
• Rajaram Colony: Rs 7,100 per sq.ft (2024)
• Rajapuranikar 2nd Street: Rs 3,800 per sq.ft (2024)
• Rajapuranikar 1st Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Rajeswari Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Rajeswari Street?

The Sub Registrar Office that covers Rajeswari Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Puliyur

The guideline value plays a crucial role in the registration process when buying or selling property in Puliyur. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware of this value to ensure compliance with the registration requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and legally, reflecting the correct value of the property being exchanged.

Frequently asked questions

What is the current guideline value of Rajeswari Street?

The current guideline value of Rajeswari Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 750 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 487% over the years.

What is the median guideline value in Puliyur?

The median guideline value in Puliyur is Rs 5,800 per sq.ft for the year 2024. Rajeswari Street's guideline value is below this median.

What are the stamp duty and registration fees for property in Rajeswari Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Rajeswari Street located?

The Sub Registrar Office for Rajeswari Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.